Lockton Emerging Risks Podcast
The aim is to reduce the total annual greenhouse gas emissions from international shipping by at least 50% by 2050 compared to 2008 levels.
The whole industry is keen to find out more about the potential consequences this plan may have, so we invited Mr. Hiroyuki Yamada, Director, Marine Environment Division at the IMO, to shed some light on the topic in conversation with Alex Gray, Lockton Head of Marine P&I.
As marine cargo operators use ever bigger vessels to increase efficiency and economies of scale, the consequent change in risk exposure is proving challenging to insurers.
The global risk landscape is changing fast driven by two main factors, one man-made and one natural.
It may still sound like science fiction to some, but remote controlled or autonomous ships are quickly becoming a reality in the maritime world, shifting the liability exposure of shipowners.
Economic sanctions are increasingly replacing military interventions as a tool to combat opposing political forces in the world, creating a complex and sometimes contradictory regulatory framework for the maritime world.